South Australian Numbered Acts South Australian Numbered Acts8—Amendment of section 24—Inclusion of shares and options granted to directors as wages
(1) Section 24(1)—delete subsection (1) and insert:
(1) For the purposes of this Act, "wages" include the grant of a share or an option by a company to a director of the company who is not an employee of the company by way of remuneration for the appointment or services of the director.
(2) Section 24—after subsection (3) insert:
(4) However, if wages referred to in this section are fringe benefits, the value of the wages is to be determined in accordance with Division 2 of this Part (and not this Division).